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Last 0.22 GBp
Change Today +0.005 / 2.33%
Volume 3.5M
As of 8:50 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

tower resources plc (TRP) Snapshot

Open
0.22 GBp
Previous Close
0.22 GBp
Day High
0.22 GBp
Day Low
0.22 GBp
52 Week High
06/3/14 - 3.53 GBp
52 Week Low
03/20/15 - 0.11 GBp
Market Cap
8.4M
Average Volume 10 Days
5.9M
EPS TTM
-0.02 GBp
Shares Outstanding
3.8B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TOWER RESOURCES PLC (TRP)

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tower resources plc (TRP) Details

Tower Resources plc operates as an independent oil and gas exploration company in Africa. The company principally holds 30% working interest in 3 contiguous exploration blocks covering an approximately 23,000 square kilometers of area located in offshore Namibia; 80% interest in 2 onshore blocks covering approximately 6,946 square kilometers of area in Zambia; and 20% carried interest in Marovoay Block-2102, covering approximately 8,444 square kilometers of area onshore Madagascar. It also has a 50% interest in 3 exploration licenses, including Guelta and Bojador blocks covering approximately 60,058 square kilometers of area; and Imlili block covering approximately 16,695 square kilometers of area in the Saharawi Arab Democratic Republic. The company was incorporated in 2004 and is based in London, the United Kingdom.

Founded in 2004

tower resources plc (TRP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $309.8K
Compensation as of Fiscal Year 2013.

tower resources plc (TRP) Key Developments

Tower Resources PLC Reports Preliminary Consolidated Earnings Results for the Year Ended December 31, 2014

Tower Resources PLC reported preliminary consolidated earnings results for the year ended December 31, 2014. For the period, the group operating loss was $56,601,548 against $3,726,660 a year ago. Loss for the year before taxation was $3,336,128 against $11,708,932 a year ago. Loss attributable to equity holders of the company was $56,603,489 or 0.64 cents per basic and diluted share against $3,336,128 or 0.16 cents per basic and diluted share a year ago. Net cash used in operating activities was $3,400,298 against $3,599,213 a year ago. Payments to purchase plant and equipment were $2,208 against $1,078 a year ago. Exploration and evaluation costs were $39,429,653 against $7,658,658 a year ago.

Tower Resources plc Provides Badada-1 Well Drilling Update

Tower Resources plc provided an update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya. The Badada-1 well was spud at 14:00 GMT on 7 January 2015 and has been drilled to a total depth of 3,372 metres MDBRT (Measured Depth Below the Rotary Table) intersecting the Neogene sequence. Preparations are underway for the logging of the 12¼-inch hole section from the 13 3/8-inch casing point, located at 1,644 metres MDBRT, to a drilled depth of 3,500 metres MDBRT and is expected to be completed in the next few days. The well is planned to be drilled to a total depth of between 3,000 and 4,000 metres in order to test Tertiary age primary targets.

Tower Resources plc Provides an Update on Drilling Operations for the Badada-1 Well, Block-2B, Onshore Kenya

Tower Resources plc provided an update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya. Tower has received formal notification from Lion Petroleum Inc. and Operator of Block-2B (Tower 15%, Premier Oil 55% and Taipan 30% working interests) regarding the status of the Badada-1 well on 20 January 2015. The Badada-1 well was spud on 7 January 2015 and has been drilled to a total depth of 918 meters MDBRT (Measured Depth Below the Rotary Table) intersecting the Neogene sequence. A 20-inch casing point has been set at 298 meters MDBRT and the well is currently drilling ahead with the 17½-inch section to the next casing point. The well is planned to be drilled to a total depth of between 3,000 and 4,000 meters in order to test primary targets in Tertiary age reservoirs. The operator expects the well to take up to 70 days to complete. The company will provide the next operational update in approximately two weeks when Badada-1 has progressed further.

 

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